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HomeMy WebLinkAbout89-96 RESOLUTION• • RESOLUTION NO. 89-96 A RESOLUTION APPROVING PAYMENT IN THE AMOUNT OF $26,000 TO JAMES E. AND NITA V LINDSEY AND GILES A. AND ELSIE D. SEXTON, d/b/a PARADISE VALLEY GOLF COURSE, FOR THE ACQUISITION OF 14,810 FT2 RIGHT OF WAY FOR IMPROVEMENTS TO JOYCE BOULEVARD. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That the City Council hereby approves payment in the amount of $26,000, to James E. and Nita V. Lindsey, and Giles A. and Elsie D. Sexton, d/b/a Paradise Valley Golf Course, for the acquisition of 14,810 ft2 nght of way for improvements to the Joyce Boulevard improvement project. A copy of the waarranty deed is attached hereto marked Exhibit "A" and made a part hereof. PASSED AND APPROVED this 6th day of August , 1996. ATTEST: By: //!.(u'�l , hal ..1.4 Qi Traci Paul, City Clerk APPROVED: By: Fred Hanna, Mayor Joyce Boulevard Rigftt 0 ay ' WARRANTY DEED BE IT KNOWN BY THESE PRESENTS: • THAT James E. Lindsey and Nita V. Lindsey, husband and wife, and Giles A. Sexton and Elsie D. Sexton, husband and wife, and J. W. Reynolds Lumber Company, a Partnership, hereinafter called GRANTORS, for and in consideration of the sum of Ten Dollars (510.00) and other good and valuable consideration, the receipt of which is hereby acknowledged, do hereby grant, bargain, sell and convey unto the City of Fayetteville, Arkansas, a municipal corporation, hereinafter called GRANTEE, and unto Grantee's successors and assigns, the following described land, situated in Washington County, State of Arkansas, to -wit: Part of the South Half (S'h) of the Northeast Quarter (NEt/) of Section Twenty- five (25), Township Seventeen (17) North, Range Thirty (30) West, Washington County, Arkansas, more particularly described as follows: Commencing at the Northwest corner of said S'Fe of the NE/a and running thence North 89 04' 24" East 616.00 feet to the Point of Beginning; thence continuing North 89° 04' 24" East 575.19 feet to the West line of Paradise Valley Subdivision Tract "8", as per plat of said Subdivision on file in the records of the Office of the Circuit Clerk and Ex -Officio Recorder of Washington County, Arkansas; thence South 01` 08' 11" East 25.08 feet; thence South 88 51' 49" West 503.85 feet; thence North 01° 08' 11" West 4.73 feet; thence South 89° 50' 27" West 72.18 feet; thence North 010 08' 11" East 21.22 feet to the Point of Beginning, containing 0.34 acre, more or less. TO HAVE AND TO HOLD the said lands and appurtenances thereunto belonging unto the said Grantee and Grantee's successors and assigns, forever, And the said Grantors, hereby covenant that they are lawfully seized of said lands and premises; that the same is unencumbered, and that the Grantors will forever warrant and defend the title to the said lands against all legal claims whatever. And we, James E. Lindsey and Nita V. Lindsey and Giles A. Sexton and Elsie D. Sexton, hereby release and relinquish unto the said Grantee our respective rights of dower/curtesy and homestead in and to said lands. WITNESS our hands and seals on this day of 1996. James E. Lindsey Nita V. Lindsey Giles A. Sexton Elsie D. Sexton J. W. Reynolds Lumber Company, a Partnership (Printed Name and Title) (Printed Name and Title) q